How much do you pay in Pennsylvania taxes on lottery wins?

how much are you taxed on lottery winnings
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The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal

Twenty-five percent comes off the top of your winnings, and then you pay tax on the amount you receive during the tax year based on your bracket

how many numbers are in the powerball lottery The prize is taxed if a person takes the annuity option − which is what the advertised jackpot figure represents − or the lump sum A 2018 USA

how postcode lottery works Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you